Stoneridge Investment Partners LLC cut its position in American Express Company (NYSE:AXP) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,980 shares of the payment services company’s stock after selling 2,284 shares during the period. Stoneridge Investment Partners LLC’s holdings in American Express were worth $3,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in AXP. MCF Advisors LLC grew its position in shares of American Express by 0.3% in the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock valued at $108,000 after buying an additional 4 shares during the last quarter. Appleton Partners Inc. MA grew its position in shares of American Express by 0.3% in the 2nd quarter. Appleton Partners Inc. MA now owns 2,658 shares of the payment services company’s stock valued at $224,000 after buying an additional 8 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of American Express by 0.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after buying an additional 8 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in shares of American Express by 0.4% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,652 shares of the payment services company’s stock valued at $223,000 after buying an additional 11 shares during the last quarter. Finally, Bath Savings Trust Co grew its position in shares of American Express by 0.3% in the 2nd quarter. Bath Savings Trust Co now owns 4,388 shares of the payment services company’s stock valued at $369,000 after buying an additional 14 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

In other news, EVP Michael John O’neill sold 43,741 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $98.85, for a total value of $4,323,797.85. Following the completion of the sale, the executive vice president now owns 43,731 shares in the company, valued at approximately $4,322,809.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Peter Bush sold 10,230 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $90.55, for a total transaction of $926,326.50. The disclosure for this sale can be found here. Insiders sold a total of 343,870 shares of company stock valued at $33,094,717 in the last 90 days. Company insiders own 0.67% of the company’s stock.

A number of research analysts recently commented on the stock. Bank of America increased their target price on shares of American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Jefferies Group reaffirmed an “in-line” rating and issued a $93.00 target price (up from $85.00) on shares of American Express in a research report on Thursday, October 19th. Keefe, Bruyette & Woods set a $95.00 target price on shares of American Express and gave the company a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Wednesday, November 1st. Finally, Wells Fargo & Company assumed coverage on shares of American Express in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $105.00 target price on the stock. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. American Express currently has a consensus rating of “Hold” and an average target price of $91.56.

American Express Company (AXP) opened at $98.52 on Friday. American Express Company has a 52-week low of $73.50 and a 52-week high of $99.75. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $85,475.90, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. American Express had a net margin of 14.48% and a return on equity of 22.73%. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. During the same period last year, the firm posted $1.24 EPS. American Express’s revenue for the quarter was up 8.5% on a year-over-year basis. equities analysts anticipate that American Express Company will post 5.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 26.97%.

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American Express Company Profile

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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